Huge rises in service charge fees for leasehold and shared ownership properties are leaving some tenants unable to pay. Some residents feel trapped or their lives ruined.
Service charges are payable by the leaseholder to the landlord for obligated services. Legislation controls variable service charges per Landlord and Tenant Act 1985.
Service charges are not fixed, vary yearly per landlord costs, include maintenance, repairs, insurance, due quarterly or annually based on lease terms.
#service-charges #leaseholders #landlord-and-tenant-act-1985 #property-ownership #financial-struggles
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